Brokerages Set Firefly Aerospace, Inc. (NASDAQ:FLY) Price Target at $39.71

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) have earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $39.7143.

A number of analysts have recently issued reports on FLY shares. Morgan Stanley set a $33.00 target price on shares of Firefly Aerospace in a research note on Friday, January 16th. KeyCorp began coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Firefly Aerospace from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $40.00 to $30.00 in a report on Thursday, November 13th. Roth Mkm reiterated a “buy” rating on shares of Firefly Aerospace in a research note on Monday, November 24th. Finally, The Goldman Sachs Group boosted their price target on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th.

Firefly Aerospace Price Performance

Shares of Firefly Aerospace stock opened at $21.53 on Tuesday. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $25.21. Firefly Aerospace has a 1 year low of $16.00 and a 1 year high of $73.80. The firm has a market cap of $3.43 billion and a P/E ratio of -2.96.

Hedge Funds Weigh In On Firefly Aerospace

A number of hedge funds have recently bought and sold shares of FLY. Virtu Financial LLC raised its stake in Firefly Aerospace by 104.0% in the 4th quarter. Virtu Financial LLC now owns 14,824 shares of the company’s stock worth $332,000 after purchasing an additional 7,556 shares in the last quarter. Invesco Ltd. bought a new position in shares of Firefly Aerospace during the fourth quarter worth approximately $11,607,000. VARCOV Co. acquired a new stake in shares of Firefly Aerospace in the fourth quarter valued at approximately $262,000. Concentric Capital Strategies LP bought a new stake in shares of Firefly Aerospace in the fourth quarter valued at approximately $2,061,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Firefly Aerospace during the fourth quarter worth approximately $10,230,000.

Firefly Aerospace Company Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.